Bangladesh will receive a $202.25 million grant from the United States Agency for International Development (USAID) for its three sectors: resilience, social, human, and economic opportunity, and good governance.
At the State Guest House Padma, Bangladesh and USAID signed the sixth amendment to “The Development Objective Grant Agreement (DOAG)” today.
It was signed by USAID Mission Director Reed J. Aeschliman and Additional Secretary AKM Shahabuddin of the Economic Relations Division (ERD) on behalf of their respective parties.
Finance and Commerce Adviser Dr Salehuddin Ahmed, visiting US Assistant Secretary for International Finance of the US Department of Treasury Brent Neiman and US State Department Assistant Secretary for South and Central Asia Donald Lu, among others, witnessed the signing ceremony.
On September 27, 2021, a new DOAG was signed between Bangladesh and USAID for the period of 2021-2026.
Through the implementation of the DOAG, USAID has pledged to provide a total of $954 million. Up until the Fifth Amendment, USAID has given Bangladesh $425 million.
Bangladesh has trusted the United States as a development partner since 1972. The USA signed the “Economic Technical and Related Assistance” pact in 1974, and since then, it has provided more than $8 billion in many areas, including global climate change, food security, health and education, democracy and governance, and more.
The United States Department of Agriculture (USDA), USAID, and a few other governmental and non-governmental organizations handle the majority of the nation’s development assistance.
